Asia report: RBA rate decision unchanged

RBA policy rate decision remained unchanged as expected, and this saw the AUD/USD rally about 0.5%, but it is uncertain how long it will last.

share

anonymous

2015-10-06T09:37:48+0100

Last Friday’s Chinese PMI numbers have positively affected the Asian markets but a poor NFP number is showing weakness in the US Dollar. The energy sector is performing well in the US, Australia and Japan; IG analyst Angus Nicholson has more.

Trade now

The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.

CFDS are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

The information on this site is not directed at residents of the United States and Belgium, or any particular country outside Switzerland and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.